Real estate opportunity to seize in Slavic Village in Cleveland Gross profitability: 19.13%
Usa reference : 3311
87 500 $
Description
This beautiful two-unit duplex is located just 20 minutes South East of downtown Cleveland in the Slavic Village neighborhood. It is one of the oldest parts of the city.
Annual Rent: $ 16,740
1st unit: $ 625 / month (1 bedroom / 1 bathroom)
2nd unit: $ 770 / month (2 bedrooms / 1 bathroom)
Profit: $ 11,700 / year or $ 975 / month
Expenses :
Rental management: $ 1,339
Property tax: $ 1,600
Miscellaneous costs: $ 1,600 / year (water + sewer + lawn)
Accounting costs:
If 1 member in the LLC the rate is $ 500 per LLC statement (1 member) per year
If 2 members the cost is $ 1,000
Annual LLC renewal costs $ 150
Gross profitability: 19.13%
exceptional price of $ 87,500 to date € 74,000
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